HashiCorp, Inc. (NASDAQ:HCP) Given Average Rating of "Hold" by Brokerages

HashiCorp, Inc. (NASDAQ:HCP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $32.08.

Several research firms have recently weighed in on HCP. JMP Securities reissued a "market perform" rating on shares of HashiCorp in a research report on Monday, December 16th. StockNews.com raised HashiCorp from a "hold" rating to a "buy" rating in a research report on Monday, January 13th.

HashiCorp Price Performance

NASDAQ:HCP opened at $34.50 on Friday. HashiCorp has a 1 year low of $21.50 and a 1 year high of $34.54. The stock's 50 day simple moving average is $34.24 and its two-hundred day simple moving average is $33.96. The company has a market cap of $7.05 billion, a price-to-earnings ratio of -56.56 and a beta of 1.18.

Insider Buying and Selling at HashiCorp

In other HashiCorp news, CEO David Mcjannet sold 47,526 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.22, for a total value of $1,626,339.72. Following the completion of the sale, the chief executive officer now directly owns 465,978 shares in the company, valued at approximately $15,945,767.16. This represents a 9.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Armon Dadgar sold 35,903 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.58, for a total value of $1,205,622.74. Following the completion of the sale, the chief technology officer now owns 1,520,000 shares of the company's stock, valued at $51,041,600. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,229 shares of company stock valued at $3,441,256 in the last quarter. 22.49% of the stock is owned by insiders.

Institutional Investors Weigh In On HashiCorp

Hedge funds have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of HashiCorp in the 3rd quarter worth $38,000. Blue Trust Inc. lifted its holdings in shares of HashiCorp by 331.2% in the 4th quarter. Blue Trust Inc. now owns 2,057 shares of the company's stock worth $70,000 after buying an additional 1,580 shares during the period. KBC Group NV lifted its holdings in shares of HashiCorp by 25.8% in the 3rd quarter. KBC Group NV now owns 3,563 shares of the company's stock worth $121,000 after buying an additional 731 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of HashiCorp by 16.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,627 shares of the company's stock worth $124,000 after buying an additional 524 shares during the period. Finally, Quest Partners LLC lifted its stake in shares of HashiCorp by 64.8% during the 3rd quarter. Quest Partners LLC now owns 5,837 shares of the company's stock worth $198,000 after purchasing an additional 2,296 shares during the last quarter. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

HashiCorp Company Profile

HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.

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